Italian lessor UBI Leasing has won a €5
million contract for the financing of a photovoltaic plant in
Vasapulli, Puglia, in Southern Italy.

The Brescia-headquartered leasing company,
part of the UBI Banca Group, has been selected by 9REN, a European
developer and contractor of solar plants.

Corporance SpA, an Italian merchant bank
specialised in renewable energy projects, has advised 9REN on the

The new power plant should produce an
estimated 1 million kWh yearly, equivalent to the energy needs of
400 households. Construction on the site has already begun.

Antonio Fabrizio